A business man sold goods for $3000 which he bought for $2000 and the cost of selling the goods was 5%. What is the net profit
+37093 QUESTION:
I'm learning here (sometiems) ......
wouldn't COGS (Cost of Goods Sold) be 5% 0f $2000?
Then profit would be 3000 - 2000 - 2000(.05) = 1000 - 100 = $900
Just wondering....that is the way I THINK it should be
YAH?
